Period-end trading update
January 12 2006 - 2:02AM
UK Regulatory
RNS Number:7750W
Xaar PLC
12 January 2006
FOR IMMEDIATE RELEASE 12 January 2006
Xaar plc
POSITIVE FULL YEAR TRADING UPDATE
Xaar plc ("Xaar"), the inkjet printing technology group headquartered in
Cambridge, UK, presents an update on performance for the full year ended 31
December 2005.
Xaar is pleased to report that trading remained strong during the second half of
the year and the results for the twelve months ended 31 December 2005 were ahead
of market expectations. Reported under IFRS, sales were approximately #42.8m and
profit before tax (and foreign exchange movements on inter-company loans) was
approximately #11.0m (under UK GAAP, the comparable numbers were #42.7m and
#10.5m respectively). Cash at the end of the year was #14.4m reflecting
increased capital expenditure, working capital movements and funding of
purchases of the company's own shares by its ESOP Trust.
In September of this year the group announced plans to establish a second
manufacturing facility in the UK. A suitable building has now been selected in
Huntingdon, Cambridgeshire and a lease is currently being finalised. The plant
is scheduled to be operational by the end of 2006.
ANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2005
Detailed results for the year to 31 December 2005 will be released on Tuesday 14
March 2006.
Ends
Contacts
Xaar plc: 01223-423663
Ian Dinwoodie, Chief Executive www.xaar.co.uk
Nigel Berry, Group Finance Director & Deputy Chief Executive
Bankside Consultants:
Steve Liebmann 020-7367-8883 / 07802-888159
This information is provided by RNS
The company news service from the London Stock Exchange
END
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